Paksoy, working with international counsel Latham & Watkins, has advised ACCO Brands Corporation on its USD 333 million acquisition of Esselte Group Holdings AB from J.W. Childs. Skadden Arps advised the sellers on the deal.
According to Paksoy, ACCO is "one of the world's largest suppliers of branded school, office, and consumer products and print finishing solutions," and the Esselte Group is "a leading European office products company and marketer of office and consumer products under the Leitz, Rapid and Esselte brands."
The closing of the transaction, which is subject to the satisfaction of conditions precedent, is expected to take place in early 2017.
The Paksoy team advising ACCO Brands on the Turkish law aspects of the transaction was led by Partner Stephanie Beghe Sonmez, supported by Senior Associate Burak Kepkep and Associate Zeynep Toma.
